Austchilli’s management team realised several years ago that energy costs were only going to go up, and that Solar PV was providing free electricity for countless organisations in Australia and around the world right now. After a few years of research into commercial Solar, Austchilli approached GEM Energy in 2014, with the 300kW system installed in two phases in 2016.
Solar PV is an excellent match for Australian businesses that operate during the day and have large buildings and sheds on which to place panels on. The panels are facing in different directions to capture the largest possible amount of sunshine during the day, which reduces the amount of electricity drawn from the grid – by 30% in Austchilli’s case. The strategic placement of panels also leads to a substantial reduction in peak demand charges, saving the business even more money on bills.
The 500K project was funded through a bank loan and cash-flow positive from the first quarter, with the payback period estimated to be 4-5 years which is just ahead of our projections.
Austchilli’s Management and owner are very happy with their investment and have become valuable advocates not just for GEM Energy, but also for the Renewable Energy industry in general.
Location: Bundaberg, QLD
30% load reduction
Payback of 4-5 years (ahead of our predictions)
Cash-flow positive from the first quarter
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